LAWRENCE, Kan. (AP) – The University of Kansas has received a $1 million donation that will be used for a new business school scholarship program.

The gift from Jerry and Kay Jennett, of Valdosta, Ga., will create the Jerry and Kay Jennett Finance Scholars Program.

Jerry Jennett is a 1963 graduate of the university and CEO of Georgia Sulfur Corp.

The school said Thursday it’s the second scholarship the Jennetts have established at the University of Kansas. They gave $200,000 in 2010 for a business school scholarship for undergraduates who work for or have internships with the university’s athletics department.